Method of creating production plan of demand variation input type and method of creating production plan minimizing risk of demand variations
Patent Information
- Authority / Receiving Office
- US ยท United States
- Patent Type
- Applications(United States)
- Current Assignee / Owner
- HITACHI LTD
- Publication Date
- 2005-10-06
- Estimated Expiration
- Not applicable ยท inactive patent
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Abstract
Description
BACKGROUND OF THE INVENTION
[0001] The present invention relates in general to the forecasting of a number of products required by the market before a demand for such products is established, the ordering of materials for the products, and the manufacture of the products; and, more particularly, the invention relates to a technique associated with a method of creating a production plan that minimizes the managerial risk caused by out-of-stock and overstock conditions created by errors in forecasting the demand for a product at the time when the materials are ordered.
[0002] In a manufacturing industry where speculative productions are performed, the number of ordered products is forecasted before an order for the product is established. Then, the materials are ordered. Generally, a long time of more than one month is required to procure the materials. Therefore, the amount forecasted at the time when the materials are ordered may be different from the actual demand. Where the actual...